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Insurers start passing on full benefits of zero GST on retail Life and Health covers

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy

“The net outgo for individual consumers has been reduced for products like Health Insurance, Personal Accident & Travel Insurance, maintaining the same policy coverage and claims servicing standards” Naveen Chandra Jha, MD and CEO, SBI General...

GST exemption may hit insurers in short term, but long-term gains likely: Experts

by AIP Online Bureau | Sep 5, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

“For term insurance, GST exemption could result in notable cost reduction, making them more affordable. On the other hand, insurers may lose eligibility for input tax credits. For ULIPs, these products contain a significant investment component; hence, the...

Union Budget 2024: Govt to exempt three more cancer drugs from customs duty

by AIP Online Bureau | Jul 23, 2024 | Health, Indian News, Policy

The three drugs are Trastuzumab deruxtecan, Osimertinib and Durvalumab. The reduction in customs duty may help reduce the financial burden on those battling the deadly disease New Delhi: In a big relief to cancer patients, Union Finance Minister Nirmala Sitharaman,...
Govt grants one-time exemption to LIC to achieve 25 pc MPS in 10 yrs

Govt grants one-time exemption to LIC to achieve 25 pc MPS in 10 yrs

by AIP Online Bureau | Dec 22, 2023 | Eco/Invest/Demography, Indian News, Life, Policy, Wealth Management/ Philanthropy

LIC stock jumped over 7 per cent to reach its 52-week high in morning trade on Friday after getting a one-time exemption to achieve 25 per cent Minimum Public Shareholding (MPS) within 10 years. The stock climbed 7.25 per cent to reach its 52-week high of Rs 820.05 on...

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